The Department of Energy (DOE) endorsed the 150-megawatt (MW) Burgos wind farm of Energy Development Corp. to receive incentives under the feed-in tariff (FiT) system. In a disclosure to the Philippine Stock Exchange Wednesday, EDC said affiliate EDC Burgos Wind Power Corporation (EBWPC) received the DOE certificate of endorsement (COE) for FiT eligibility. “The … Continue reading DOE qualifies EDC wind power project under feed-in tariff scheme in Philippines
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Wind energy in Philippines: Ilocos wind farm now delivering power to grid
The 150-megawatt (MW) wind power project of Energy Development Corp. (EDC) has started delivering power to the grid following its successful commissioning last Wednesday. In a statement on Friday, the Lopez-led company announced that EDC Burgos Wind Corp. informed the Department of Energy (DoE) that its 150-MW wind farm had achieved successful commissioning. “[S]uccessful … Continue reading Wind energy in Philippines: Ilocos wind farm now delivering power to grid
Continue readingWind energy in Philippines: 3 wind farms near completion
Some 250 megawatts of power from wind farms are expected to boost the country’s energy supply starting this year until early 2015 that could help ease the country’s electricity shortage, Energy Secretary Carlos Jericho Petilla said Tuesday. Petilla made the forecast after a recent visit in Ilocos Norte province to check on three wind … Continue reading Wind energy in Philippines: 3 wind farms near completion
Continue readingEDC gets $315-M loan for Philippines wind power project
Energy Development Corp. (EDC), which has several government contracts for renewable energy (RE) development, signed a $315-million financing agreement with a group of foreign and local banks for the construction of the 150-megawatt (MW) Burgos wind energy project (BWP) in Ilocos Norte. The finance facility, denominated in US dollars and Philippine pesos, will mature in … Continue reading EDC gets $315-M loan for Philippines wind power project
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Philippines eyes raising megawatts for wind energy projects
The National Renewable Energy Board say raising installation targets for wind energy projects to 500 megawatts will help ease the summer power crisis in 2015. Not many are interested in the idea, however, according to NREB member and Energy Development Corporation (EDC) executive vice president Ernesto Pantangco. “As NREB, we are proposing an increase … Continue reading Philippines eyes raising megawatts for wind energy projects
Continue readingEDC set to start operation of Burgos wind power in Philippines
Renewable energy producer Energy Development Corp. expects to start the testing and commissioning of the 150-megawatt Burgos wind power project in Ilocos Norte within the year, a company official said over the weekend. EDC is considering expanding its recently-commissioned 49.4-megawatt (MW) geothermal power plant in Negros Oriental. “For the Burgos wind power, it’s more … Continue reading EDC set to start operation of Burgos wind power in Philippines
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Negros wind farm to be completed in 2015 in Philippines
A 50 MW wind power project in Negros Occidental is expected to be completed late next year, data from the Energy department showed. In its updated report on private-sector initiated projects, the department noted that the wind farm of First Maxpower International Corp. is scheduled for testing and commissioning in November 2015. The project — … Continue reading Negros wind farm to be completed in 2015 in Philippines
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WWF supports Philippines solar power target
The World Wide Fund for Nature (WWF-Philippines) has backed the Department of Energy’s (DOE) move to increase solar energy capacity targets, saying this will make power prices cheaper in the long run, contrary to claims of critics such as the Foundation for Economic Freedom (FEF). The FEF claims new solar projects will add P0.32 per … Continue reading WWF supports Philippines solar power target
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Solar energy and wind power project signed in Subic, Philippines
A $200-million renewable energy facility that will produce electricity from both solar energy and wind power will soon be established here as the Subic Bay Metropolitan Authority (SBMA) signed an agreement with Jobin-SQM, Inc., an all-Filipino corporation. SBMA Chairman Roberto Garcia and Jobin-SQM, Inc. President Nancy Tan signed an agreement reserving an 800-hectare property on … Continue reading Solar energy and wind power project signed in Subic, Philippines
Continue readingEDC raises $90m for Philippines wind farm
EDC chief finance officer Nestor Vasay said the amount was part of the second tranche of the $150-million total bridge financing for the second phase of the Burgos wind power project. “The $90 million is the US dollar component of the bridge loan. Both Australia and New Zealand Banking Group Ltd. and Mizuho Bank Ltd. … Continue reading EDC raises $90m for Philippines wind farm
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Gamesa consolidates its presence in the wind energy in Philippines
Gamesa, a global technology leader in wind energy, has reinforced its presence in the Philippines thanks to a new turnkey contract for the construction, supply and installation of a 54 MW wind farm for Alternergy. This marks the third contract closed by Gamesa in this market, having signed orders totalling 144 MW in recent months. … Continue reading Gamesa consolidates its presence in the wind energy in Philippines
Continue readingPresident Aquino inaugurates largest solar power plant
Beside having large sugarcane farms, this province is also now home to the country’s first large-scale commercially financed and commissioned solar power plant which was inaugurated by President Benigno S. Aquino III during his latest visit here since 2012. The President led the switch-on, May 15, of the solar power facility which marked the start … Continue reading President Aquino inaugurates largest solar power plant
Continue readingEDC readies financing for Ilocos wind farm in Philippines
ENERGY Development Corp. (EDC) targets to close debt financing for its planned 150-megawatt (MW) wind power project in Ilocos Norte this year, officials of the Lopez-led company said last week. “We’ve already started working on project financing for the Burgos wind project. The total project cost is $450 million for the 150-MW project,” said Nestor … Continue reading EDC readies financing for Ilocos wind farm in Philippines
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Vestas receives 63 MW wind power order in the Philippines
Vestas has received a firm and unconditional order for 63 MW in Philippines. Energy Development Corporation (EDC) has ordered 21 V90 3.0MW turbines for the second phase of its project in Burgos, Ilocos Norte province. The deal also includes delivery, installation and commissioning plus a ten-year service contract. The Danish supplier said the wind turbines … Continue reading Vestas receives 63 MW wind power order in the Philippines
Continue readingBangui Bay wind farm in Ilocos Norte, Philippines
NorthWind Power Development Corp., a company controlled by Ayala Corp., will start the third phase of the Bangui Bay wind farm in Ilocos Norte province to add 18 megawatts to the existing 33-MW project. Energy Department records showed the expansion project would raise the total capacity of Bangui wind farm to 51 MW, solidifying its … Continue reading Bangui Bay wind farm in Ilocos Norte, Philippines
Continue readingEDC in talks with Vestas to make Burgos wind farm
Energy Development Corp (EDC) plans to reinforce its Burgos wind farm in Ilocos Norte so it can withstand strong typhoons. In a recent forum, EDC executive vice president Ernesto B. Pantangco said the company is keen on strengthening the 87-megawatt Burgos wind farm given the “new norm” when it comes to typhoons. “We are currently … Continue reading EDC in talks with Vestas to make Burgos wind farm
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Geothermal Energy in Philippines and Indonesia
Indonesia’s geothermal reserves have potential to generate 28,994 megawatt of electricity but utilisation has reached only 1,196 MW or a mere four percent of the potential capacity. The Philippines, which is also an archipelago like Indonesia, has been more advanced in the utilisation of geothermal energy despite having only 14 percent of the world’s total … Continue reading Geothermal Energy in Philippines and Indonesia
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Gamesa enters Philippine wind energy market supplying 54 MW
Gamesa, a global technology leader in wind energy, is adding a new market to its geographic footprint, having signed an agreement to supply 54 MW of turbines to the San Lorenzo wind farm being constructed by Japan’s Kanematsu Corporation in Guimaras Island for Trans Asia Renewable Energy, one of the country’s leading independent energy producers. … Continue reading Gamesa enters Philippine wind energy market supplying 54 MW
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Kanematsu to build wind farm in Philippines
Kanematsu Corp. won an order to build a 54-megawatt wind farm and lay underwater cables for power transmission in the Philippines. The order, worth more than 10 billion yen ($102 million), was awarded by Trans-Asia Renewable Energy Corp., a unit of Trans-Asia Oil & Energy Development Corp. (EDC), Tokyo-based Kanematsu said in a statement today. … Continue reading Kanematsu to build wind farm in Philippines
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Siemens receives a 81 MW wind energy order from Philippines
Siemens Energy has received its first wind power order for the Caparispisan project in Pagudpud, Illocos Norte, Philippines. The customers are Northern Luzon UPC Asia Corporation, AC Energy Holdings, Inc. and Philippine Investment Alliance for Infrastructure comprised of Government Service Insurance System, APG and Macquarie Infrastructure Holdings (Philippines) Pte. Limited. Modern gearless machines for the … Continue reading Siemens receives a 81 MW wind energy order from Philippines
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